Nov 19, 2013 | Blog, Charitable Giving, IRA, Retirement Planning, Tax Planning
Yes, but you need to be over 70-1/2 and do it before the end of the year. If you don’t need the income and have charitable contributions to make, don’t overlook this great way to kill two birds with one stone, called a Qualified Charitable Distribution (QCD). The...
Oct 1, 2013 | 401k, Blog, Fiduciary, News, Retirement Planning, Self-Employed
Avoid problems with your 401k with sage advice from the Oracle – Ary Rosenbaum: http://www.jdsupra.com/legalnews/the-hidden-dangers-for-the-401k-plan-s-26704/ Mr. Employer, follow these effective guidelines: Offer your employees investment education so they can...
Sep 25, 2013 | 401k, Blog, Mutual Funds, News, Wall Street Greed
Stay out of Target Date-Rape Funds folks. The layering of fees is expensive and deceptive. American Chemicals and Equipment is suing Prinicpal over some questionable accounting used to disclose fund fees. Howbout $120 million in “acquired fund fees” for...
Sep 4, 2013 | Blog, Investments, News, Stocks
Hedge fund gurus Mark Rachesky and Carl Icahn both bought truck loads (pardon my pun) of shares in the company Navistar (NAV). Rachesky’s hedge fund, MHR Fund now owns 15.8% of the company’s shares and Icahn 16.5%. Both of these seasoned investors are...
Aug 13, 2013 | 401k, Blog, Employee Benefits, Fiduciary, News, Retirement Planning, Self-Employed
A district court in Connecticut ruled ING Life Ins. and Annuity Co. (“ILIAC”) a fiduciary related to its revenue sharing practices and scheduled a four week trial to begin anytime after September 3. The lawsuit, Healthcare Strategies v. ING Life Insurance and Annuity...
Jul 27, 2013 | Blog, Education Funding, News
529 Savings plans are popular as evidenced by an average account balance of $17,174 and total plan assets closing in on $200 billion. Their appeal is due to high contribution limits, tax-free-growth and withdrawal (must meet federal requirements). Grandparents...
